New Wave Group increase the net result by 139% in second quarter

The Interim report for New Wave Group will be released 18 August but due to the strong increase in the net result, preliminary numbers are released for the quarter.

Sales increased by 6% and amounted to SEK 1 257 million (SEK 1 191 million) and the operating result increased by SEK 51 million to SEK 100 million (SEK 49 million). Net result increased by SEK 39 million (139%) and amounted to SEK 67 million (SEK 28 million).

Sales for the first six months increased by 4% to SEK 2 388 million (SEK 2 287 million) and the operating result increased by SEK 57 million to SEK 108 million (SEK 51 million). Net result increased by SEK 45 million to SEK 62 million (SEK 17 million).

The above numbers are preliminary and a final Interim report will be released 18 Augusti 07.00 (CET).

New Wave Group AB is listed on NASDAQ OMX Stockholm. New Wave Group is a growth company creating, acquiring and developing brands within the segments Corporate Promo, Sport & Leisure and Gifts & Home furnishings. For more information, www.nwg.se.

Göteborg 20 July 2016
New Wave Group AB (publ)

For more information, please contact:

Torsten Jansson
CEO
Phone: 031-712 89 01
E-mail: torsten.jansson@nwg.se 

Lars Jönsson
CFO
Phone: 031-712 89 12
E-mail: lars.jonsson@nwg.se 

The information in this pressrelease is that which Wave Group AB is required to disclose according to the EU regulation no 596/2014 on market abuse.

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New Wave Group is a clothing company concentrating on sportswear and casual clothes.

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